NKLA - Nikola Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Jun 10, 2020.

Tags:
  1. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    2,934
    Likes Received:
    1,655
    I'm sure you could produce a very attractive pusher. :thumbsup:

    :biggrin:
     
  2. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    2,934
    Likes Received:
    1,655
    The once doddling Nikola semi factory build is now being aggressively pushed down hill, as it nears completion.

    It's a small facility, compared to a gigafactory, but looks like a nice facility to build the business.
     
  3. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    280
    Likes Received:
    57
    I like Nikola as well. Nikola and Lucid Motors are both out in Arizona. Lucid Motors is complete junk IMO and I have actually done a walk-thru of their warehouse because I was interviewing for a Logistics position with them. Not really sure what Churchill Capital was thinking when they acquired them.
     
  4. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    8,876
    Likes Received:
    3,142
    Breakout above $15 denied.

    How is this double digits even?
     
    TomB16 likes this.
  5. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    8,876
    Likes Received:
    3,142
  6. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    2,934
    Likes Received:
    1,655
    He continues to push that false narrative like a powerless truck chassis.
     
  7. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    280
    Likes Received:
    57
    I am not touching any of the EV car manufacturers. I briefly held NKLA as I saw an opportunity to make a few sheckles but I wouldnt put any serious money into NKLA, Lucid (now under Churchill Capital), or even Rivian (although I admit I know very little to nothing about them).

    I dont see any way companies like Lucid, Nikola, or Rivian are able to compete with existing auto manufacturers like Ford, GM, and other major international players who already have the infrastructure and expertise to mass produce. And at least in my opinion, I would feel much better spending 100-150k$ on a Ford EV than some car company that has no record of success.

    I very briefly held position in Li (Li Auto, Chinese EV). But same applies in China. I do not see these little guys being able to compete.
     
    Onepoint272 likes this.
  8. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    2,934
    Likes Received:
    1,655
    I've been critical of Nikola for a few years.

    In light of this video from Sam Alexander, I haven't been critical enough. Holy cow!

     
    Globetrotter likes this.
  9. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    8,876
    Likes Received:
    3,142
    They dont make anything except sign "agreements" with other companies to use their parts in putting together a truck that may or may not ever exist.
     
    TomB16 likes this.
  10. valueinvesting.io

    valueinvesting.io New Member

    Joined:
    Apr 27, 2021
    Messages:
    9
    Likes Received:
    3
    I think Nikola is a freaking scam. Look at how difficult it is for Tesla to make it in this industry. I think Nikola has zero shot.
     
    TomB16 likes this.
  11. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    2,934
    Likes Received:
    1,655
    Good point, valueinvesting.io. :cool:

    To be fair to Nikola, they are not in the same industry. Tesla is developing technology, platform, components, manufacturing tooling, automation, charging network, charging hardware, self driving, a mountain of software, and I'm sure they are building a kitchen sink, somewhere.

    Nikola plans to assemble a small number of trucks from parts.

    Nikola ought to have been able to construct a fairly large building in the desert and assemble 100 trucks with $12B of the capital they raised in 2020. It looks like they are down to about $600M which still ought to do the job. Nikola won't have a ton of robotics to buy and not nearly as much software to write.

    Given how little of the IPO money is left and how little Nikola has to show for the money that has vanished, I almost wonder if it would pay to research a company prior to buying.
     
  12. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    2,934
    Likes Received:
    1,655
    Does anyone recall this claim of a battery breakthrough? It's still up on NikolaMotor.com.

    https://nikolamotor.com/press_relea...ttery-cell-technology-at-nikola-world-2020-67


    ... and the new CEO of Nikola seemed to have some attitude with regard to how real their products are as he revealed a 300 mile semi.

    Who would have guessed Nikola would struggle to bring product to market, have a massive cell shortage, struggle to meet charging and range claims, and have trouble making money? How about everyone except a few straggling retail investors who are thought deniers, a bunch of analysts, and everyone in media.
     

Share This Page